Wednesday, July 18, 2007
Oracle Buys Bharosa
Redwood Shores-based database giant Oracle said today that it has agreed to acquire Bharosa, Inc., a provider of software for combating online identity theft and fraud. Financial terms were not disclosed. Oracle said that it will add some of the real-time fraud prevention capabilities of Bharosa's software to its existing single sign-on and web-based authorization solutions. The deal is expected to close in August. Bharosa is based in Santa Clara.